Match Each Phrase That Follows with the Term (A-E) It

question 91

Short Answer

Match each phrase that follows with the term (a-e) it describes.
-Estimates the number of units to be manufactured to meet budgeted sales and desired inventory levels
A)Static budget
B)Flexible budget
C)Master budget
D)Sales budget
E)Production budget

• A)Static budget
• B)Flexible budget
• C)Master budget
• D)Sales budget
• E)Production budget

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Definitions:

Combined Residual Income

The total leftover income from various projects or divisions after accounting for required rate of return or capital costs.

Required Rate Of Return

The minimum expected yield by investors to justify the risk of an investment.

Investment Opportunity

An investment opportunity refers to potentially lucrative financial ventures or assets that individuals or entities can invest in, aiming for future monetary returns.

Turnover

A metric indicating the rate at which a company's inventory is sold and replaced over a given period.